DILAPIDATIONS


The failure to understand or adhere to strict procedures and obligations laid down in commercial leases can trap the unwary.
You may find yourself forced into decisions you will regret for years to follow.
Take precautions and ask for our sound advice to help avoid these problems at an early stage,
particularly when you are negotiating the terms of your tenancy of your commercial property or office and in particular, the dilapidations clause.

The term Dilapidations is equivalent to “disrepair”.   When it is used it usually relates to property and in particular, disrepair in leased property.

When a lease ends a tenant is usually obliged to leave the property in an improved state of repair and decoration than currently exists. Tenants fail to recognise this cost. Even when they are aware, their budgeting is usually too low to accommodate the required works.

If you have a dilapidations claim, you need to know the legal limits on the sum your landlord can claim from you. This is called the “statutory cap” on damages, and the results of the Landlord and Tenant Act can sometimes be best handled with original methods. Clearly the time to think those tactics through is well in advance and certainly before the lease comes to an end.

Having been involved in a number of dilapidations claims, we have great experience in suggesting a suitable strategy for minimising claims made on you, whether that be in your commerical property or office

Whether you are a tenant or a landlord, did you know that the right to exercise a break clause can be based upon the property being in a good state of repair ?
So don't plan your business on the premise that the break clause will automatically come into effect.
Doing so could cost you unnecessarily.


Call us now on 01476 585988 or email info@propertyorchard.co.uk for a fuller discussion.

 

 

 

 

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